2013 Kentucky Revised Statutes
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367.399 Membership contract requirements -- Disclosure of cancellation
A copy of every contract shall be delivered to the member at the time the
contract is signed. Every contract shall be in writing, shall be signed by the
member, shall designate the date on which the member signed the contract,
and shall state, clearly and conspicuously in boldface type of a minimum size
of fourteen (14) points, the following:
"MEMBERS' RIGHT TO CANCEL"
"KENTUCKY LAW GIVES YOU THREE (3) DAYS TO CANCEL YOUR
AGREEMENT WITH US. If you wish to cancel this contract, you may cancel by
delivering or mailing a written notice to the company. Certified mail would
provide greater protection than first-class mail, but is not necessary. If you
deliver the notice personally, you are entitled to a receipt. Your notice must
make known that you do not wish to be bound by the contract. If the notice is
delivered or mailed before midnight of the third business day after you sign this
contract, you are entitled to a refund of the entire consideration paid for the
contract. The notice must be delivered or mailed to (insert name and mailing
address of company). If you cancel, the club is required to return, within ten
(10) days of the date on which you give notice of cancellation, any payments
you have made."
Until the buying club or vacation club has complied with this section, the
member may cancel the contract by notifying the club in any manner and by
any means of the member's intention to cancel and is then entitled to a refund
of the entire consideration paid for the contract.
Effective:July 15, 2008
History: Amended 2008 Ky. Acts ch. 172, sec. 2, effective July 15, 2008. -Amended 1988 Ky. Acts ch. 62, sec. 3, effective July 15, 1988. -- Created 1982
Ky. Acts ch. 21, sec. 3, effective July 15, 1982.
CHAPTER 367 - CONSUMER PROTECTION
367.399 Membership contract requirements -- Disclosure of cancellation rights.
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